The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-12-13
CONDITION OF THE MARKETS
Pork Shows Great Strength, and Very
Heavy Buying Causes an Advance.
Corn Opens at Saturdays Figures. but a
Strong Demand Results in Higher Prices
Wheat active and a Trifle Weaker.
Moderately Active but Weak Market, Ac-
commanded by Lower Prices.

Moderately Active but Weak Market, Ac-
companIed by Lower Prices.
NEW YORK, Dec. 12.-Money call was
easy at per cent, the last loan being
made at Al. closing offered at s.
Prime mercantile paper, cas- per cent.
Sterling exchange was dull and weaker at
a. 81 for sixty day bills, and $4.64a for demand.
The total sales of stocks to-day were 364, $40
shares. including the following: Delaware
Lackawanns & Western, 42.11O; Erie. IL, 10;
Lake Shore. 5,205: Louisville e. Nashville. g.
225 Missouri Pacific, Z, 635; Northwestern 9. 40;
Reading IS. 400; St. Paul. SO. 42U Union Pacific.
81. 800; Western Union. $4,000
The stock market TO-DAY was moderately act
i've. but weak almost all day long. A deter
mined attack was made upon the list at the
opening by the bsarish room-traders, AID
marked impression was made upon values, the
prevailing dizziness Offering the opportunity.
There very little support given the list
though there were some buying orders which
absorbed the offerings. but the market became
weak and demoralized, and remained until
late in the day. The attack again centeredin
the Richmond e West Point stocks, and disseu-
sions In board of directors, with reports that
an Injunction would be ask for to prevent the
payment of the dividend on the preferred stock,
and that bull" pool in the latter had dumped
It's stock TO day, put forth as reasons for
the ease with which it yielded to the pressure:
All the active lists were attacked, however. ana
the coal stocks and the Pacific roads were specially
weak. Among the speciaties. Fl Worth q
Denver were sold down on reported sales of
stocks for the new extension. After the move
pent had spent it's force, there was partial
recovery. though the improvement amounted to
fractions. only, and did not materially affect
the result of the days trading. The opening
was irregular but generally heavy. with the
same narrowness OF speculation noticed last
week, but the list Immediately yielded, and be-
fore the end of the first hour declines from 20
q per cent. had been established. The extreme
weakness then disappeared. but the activity
went with it, and by noon the market was ex-
tremely dull, while prices still remained at tho
bottom. Some frmness was developed In the
afternoon but the leaders showed little i'm
provement, and though there was no change in
the market after that time the close was dull and
barely steady at but shade better than bottom
prices. Everything, except Canadian Pacific,
which rose g. is lower tonight. and Fit Worth
e. Denver lost 80; Union Pacific. q; Laekawan-
ma. Fl; Richmond & West Point preferred. 2;
the common. II; Pacific Mail. Il; Wheeling 81
Laks Erie. Is; New England and Colorado coal,
II; Reading, II; Michigan Central. Missouri Pa
ci6c and St Paul, 1; per cent. each
Railroad bonds were dull, but there was a bet
Ter tone. and most bonds are higher tonight;
sales, S645. 900. Chesapeake & Ohio, series A,
rose 2. TO 90; Mackinaw IL Marquette land grants.
q to 30: Kansas s. Texas lives, q. to g. New
Orleans Pacific trust receipts. D. to 16. Peoria,
Decatur 81 Evansville seconds lost 2 at II, and
Richmond & West Point SKIES. g. at 50.
Government bonds were dull. but steady to
firm.
State bonds were dull and steady. Closing